Leo Wealth LLC Has $27.45 Million Stock Position in Apple Inc. $AAPL

Leo Wealth LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 93.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,850 shares of the iPhone maker’s stock after buying an additional 64,681 shares during the period. Apple comprises approximately 2.1% of Leo Wealth LLC’s portfolio, making the stock its 9th largest position. Leo Wealth LLC’s holdings in Apple were worth $27,449,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. McElhenny Sheffield Capital Management LLC raised its position in Apple by 4.9% during the 2nd quarter. McElhenny Sheffield Capital Management LLC now owns 22,018 shares of the iPhone maker’s stock worth $4,517,000 after purchasing an additional 1,021 shares during the last quarter. Wealth Advisors Northwest LLC increased its stake in shares of Apple by 8.6% in the second quarter. Wealth Advisors Northwest LLC now owns 8,440 shares of the iPhone maker’s stock valued at $1,732,000 after buying an additional 671 shares during the period. Copperwynd Financial LLC raised its position in shares of Apple by 21.5% during the second quarter. Copperwynd Financial LLC now owns 61,907 shares of the iPhone maker’s stock worth $12,701,000 after acquiring an additional 10,955 shares during the last quarter. Columbia Advisory Partners LLC lifted its stake in shares of Apple by 7.7% in the second quarter. Columbia Advisory Partners LLC now owns 5,800 shares of the iPhone maker’s stock worth $1,190,000 after acquiring an additional 416 shares during the period. Finally, Armstrong Fleming & Moore Inc boosted its holdings in Apple by 813.7% in the second quarter. Armstrong Fleming & Moore Inc now owns 90,013 shares of the iPhone maker’s stock valued at $18,468,000 after acquiring an additional 80,161 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Down 0.5%

Shares of NASDAQ:AAPL opened at $269.05 on Tuesday. The business’s 50 day moving average is $249.17 and its 200 day moving average is $222.85. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $277.32. The stock has a market cap of $3.99 trillion, a price-to-earnings ratio of 40.83, a PEG ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. During the same quarter in the previous year, the business earned $1.64 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is presently 13.92%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Tigress Financial boosted their price target on shares of Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 17th. Barclays lifted their target price on shares of Apple from $180.00 to $230.00 and gave the stock an “underweight” rating in a research note on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a report on Wednesday, October 8th. Robert W. Baird set a $300.00 price target on shares of Apple in a research report on Friday. Finally, UBS Group lifted their price objective on Apple from $220.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $277.52.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares in the company, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 259,121 shares of company stock worth $65,358,981. Insiders own 0.06% of the company’s stock.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.